Post Utme Afe Babalola University 2021 Economics Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2021 Economics Objective / Multiple Choice

Question 23 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's \cost function is given by C(q) = 10q + 100. The firm's revenue function is given by R(q) = 20q. Find the firm's profit-maximizing quantity.

Answer Options

A. q = 5

Correct Answer B. q = 10

C. q = 15

D. q = 20

Correct Answer

Correct Option:

q = 10

About This Question

This is Post Utme Afe Babalola University 2021 Economics Question 23. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Economics examination.

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